I am predicting that before the company goes bankrupt, Reddit will remove downvotes in an effort to prevent users from expressing negative sentiment. This happened a few years ago on YouTube after YouTube Rewind became the world’s most disliked video, several years in a row. This was embarrassing for the company because it revealed the discontent of the userbase.
Since expressing discontent is bad for their reputation, and manually removing dislikes is a time consuming task, removing the downvote button altogether for the sake of “preventing bullying” is likely the next step for Reddit.
In these smaller communities people also tend to upvote and downvote more responsibly. The system isn’t inherently a problem if the users can control their emotions and understand their role. On reddit, there was 0 chance of that. Here, maybe.